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This study investigates the link between ESG reporting and business sustainability strategies for lowering ecological footprints. While ESG scores have emerged as a critical standard for corporate environmental performance, doubts remain about their usefulness in promoting genuine environmental changes rather than functioning as strategic instruments for legitimacy. Using a dynamic panel data method, we examine firm-level data from 110 countries from 2001 to 2023 to determine the influence of ESG reporting, stakeholder engagement, and corporate governance on ecological footprint reduction. Our data show that governance, stakeholder involvement, and environmental pillar ratings all have a statistically meaningful impact on business ecological footprints, but certain corporate sustainability strategies appear to have primarily insignificant benefits. The report adds to the continuing debate between greenwashing and genuine sustainability efforts, emphasizing the need for more severe methods to verify that ESG programs result in significant environmental benefits.

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ESG Scores and Sustainability Reporting: Do Corporate Sustainability Efforts Reduce the Ecological Footprint?

  • 会议论文

  • 发表日期：

    2026年

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  • Beyza Gürel,
  • Mustafa Reha Okur,
  • Betül Ünal Kaya

摘要

This study investigates the link between ESG reporting and business sustainability strategies for lowering ecological footprints. While ESG scores have emerged as a critical standard for corporate environmental performance, doubts remain about their usefulness in promoting genuine environmental changes rather than functioning as strategic instruments for legitimacy. Using a dynamic panel data method, we examine firm-level data from 110 countries from 2001 to 2023 to determine the influence of ESG reporting, stakeholder engagement, and corporate governance on ecological footprint reduction. Our data show that governance, stakeholder involvement, and environmental pillar ratings all have a statistically meaningful impact on business ecological footprints, but certain corporate sustainability strategies appear to have primarily insignificant benefits. The report adds to the continuing debate between greenwashing and genuine sustainability efforts, emphasizing the need for more severe methods to verify that ESG programs result in significant environmental benefits.